Economy Local February 08, 2025

Dubai Financial Market Index Rises 1.1%

The Dubai Financial Market Index increased by 1.1% over the week, reaching 5238.39 points, driven by gains in stocks.


Dubai Financial Market Index Rises 1.1%

Last week, the index of the Dubai stock exchange grew by 1.1% and reached a mark of 5238.39 points, thanks to the rise in stock prices of leading companies.

Experts explain the increase in the index as a result of a developing market that experienced an ascending trend throughout the week. Key factors that positively influenced the growth included positive price dynamics of stocks of leading companies.

"The increase in the index indicates a rise in the investment attractiveness of the Dubai market, reflecting the overall stability of the sector," noted a financial analyst.

Other analysts also pointed out that the index growth is related to favorable conditions in the stock market in the region as a whole, which contributes to attracting investments and strengthening the financial positions of companies on the exchange.